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Utah Senator Bob Bennett is undertaking a complex assignment with enormous potential consequences. He chairs a senate committee that’s been given the task of reviewing ways to overhaul the nation’s antiquated, inefficient and burdensome tax code.
Very simply, we wish him well. And somehow, KSL hopes he succeeds.
The tax system needs an overhaul.
In fact, we’re intrigued with the Senator’s idea of scrapping the current 17,000-page code entirely and beginning from scratch to formulate something that is fair and simple.
KSL echoes the words spoken by Senator Bennett as he opened a hearing earlier this month before the Joint Economic Committee.
“Over the years,” said Senator Bennett, “ . . .the tax code has become a confusing, burdensome web that hampers economic growth, places undue burdens on American businesses, and needlessly complicates the lives of the American people.”
Forgive us, though, if we harbor a hefty dose of skepticism about the eventual outcome of Senator Bennett’s effort. “Simplify” and “streamline” are words not generally understood by government bureaucrats and the many special interest groups that influence policy.
Still, the fact politicians recognize the unjust nature of the current tax code and are actively exploring the possibility of a system overhaul offers a glimmer of hope that something meaningful can eventually be accomplished.
